https://www.profitconfidential.com/cryptocurrency/ethereum/daily-ethereum-price-forecast-eth-crosses-300-kddi-corporation-smart-contracts/
Ethereum Price Forecast: ETH Crosses $300 as KDDI Corporation Goes Big on Smart Contracts
Gaurav S. Iyer, IFC
Profit Confidential
2017-09-28T09:10:17Z
2017-11-17 10:45:37 ethereum price predictions 2017ethereum price forecasteth pricesethereum newschina on ethereumchina cryptocurrency exchangeethereum price chartethereum to USDEthereum price forecast: The Byzantium fork is still the biggest Ethereum news, but it isn't the only thing driving our medium-term ETH predictions.
Ethereum
https://www.profitconfidential.com/wp-content/uploads/2017/09/ETH-price-300x225.jpg
[caption id="attachment_110794" align="alignleft" width="300"] flickr.com/Marc van der Chijs[/caption]
As confidence returns to the cryptocurrency market, investors saw fit to drive the Ethereum to USD exchange rate back above $300.00. It rose as high as $306.00 for the first time in two weeks.
While there was no silver bullet of Ethereum news, the overall ETH price prediction is starting to look rosy again. Markets have absorbed the shock of China’s ban on cryptocurrency exchanges and appear ready to move on. So what are they moving on to?
Well, the Byzantium hard fork is one thing.
However, we covered that issue extensively in yesterday’s Ethereum price forecast, so perhaps we should cover some other ground. Use-cases, for example.
Few investors are aware that one of Japan’s largest telecoms, KDDI Corporation, is developing smart contracts to run on Ethereum’s platform. It shouldn’t be that much of a surprise, though, because KDDI is one of the corporate giants that joined the Ethereum Enterprise Alliance (EEA).
For those that are unfamiliar with the EEA, it is a consortium of global brands that are working to make Ethereum useful for commercial purposes. This includes adapting blockchain for applications in emerging fields like the Internet of Things and artificial intelligence.
The company will work in “cooperation with other members of the EEA to create a robust next generation service platform based on the combined “AI x IoT x Blockchain” technology.” (Source: "KDDI and Couger Lead Japan to Initiate "Smart Contract" Proof of Concept Projects Utilizing Enterprise Ethereum," Business Wire, September 27, 2017.)
In other words, there is an extremely powerful organization working day and night towards use-cases. KDDI will be the first major company to use smart contracts, but judging by EEA membership, it won’t be the last.

Analyst Take:

In the near term, we expect ETH prices to regain their former level at $400.00. Over the medium term, however, we see it extending gains much further, first to our official Ethereum price forecast of $1,000 by early 2018, and then beyond.
That said, you should strap on your seatbelts, dear reader because it won’t be a smooth ride to either of those peaks.
Also Read: Hold on to Ethereum for the Long Term

As confidence returns to the cryptocurrency market, investors saw fit to drive the Ethereum to USD exchange rate back above $300.00. It rose as high as $306.00 for the first time in two weeks.

While there was no silver bullet of Ethereum news, the overall ETH price prediction is starting to look rosy again. Markets have absorbed the shock of China’s ban on cryptocurrency exchanges and appear ready to move on. So what are they moving on to?

Few investors are aware that one of Japan’s largest telecoms, KDDI Corporation, is developing smart contracts to run on Ethereum’s platform. It shouldn’t be that much of a surprise, though, because KDDI is one of the corporate giants that joined the Ethereum Enterprise Alliance (EEA).

For those that are unfamiliar with the EEA, it is a consortium of global brands that are working to make Ethereum useful for commercial purposes. This includes adapting blockchain for applications in emerging fields like the Internet of Things and artificial intelligence.

In other words, there is an extremely powerful organization working day and night towards use-cases. KDDI will be the first major company to use smart contracts, but judging by EEA membership, it won’t be the last.

Analyst Take:

In the near term, we expect ETH prices to regain their former level at $400.00. Over the medium term, however, we see it extending gains much further, first to our official Ethereum price forecast of $1,000 by early 2018, and then beyond.

That said, you should strap on your seatbelts, dear reader because it won’t be a smooth ride to either of those peaks.

Dear Reader: There is no magic formula to getting rich. Success in investment vehicles with the best prospects for price appreciation can only be achieved through proper and rigorous research and analysis. We are 100% independent in that we are not affiliated with any bank or brokerage house. Information contained herein, while believed to be correct, is not guaranteed as accurate. Warning: Investing often involves high risks and you can lose a lot of money. Please do not invest with money you cannot afford to lose. The opinions in this content are just that, opinions of the authors. We are a publishing company and the opinions, comments, stories, reports, advertisements and articles we publish are for informational and educational purposes only; nothing herein should be considered personalized investment advice. Before you make any investment, check with your investment professional (advisor). We urge our readers to review the financial statements and prospectus of any company they are interested in. We are not responsible for any damages or losses arising from the use of any information herein. Past performance is not a guarantee of future results. All registered trademarks are the property of their respective owners.